Hello everyone! Again, I would like to share some theoretical and statistical things with you. There is a Descending Broadening Wedge in BTC. If you look at the boxes in the chart, we see that after breaking them down, price faced with sales pressure from those regions, while trying to rise and perceived them as resistances. Our first resistance now is 33600, 4-hour candle close above it will be the first breathing point for BTC.
The THEORETICAL target of the formation on the chart is 41300. Numbers are theoretical information, reality can be much more different, please do not decide with with these numbers, I am just sharing them because I like to share data with you, have a good day everyone.
Statistics:
Probability of upside breakout = 79%
Probability of hitting price target = 81%
The THEORETICAL target of the formation on the chart is 41300. Numbers are theoretical information, reality can be much more different, please do not decide with with these numbers, I am just sharing them because I like to share data with you, have a good day everyone.
Statistics:
Probability of upside breakout = 79%
Probability of hitting price target = 81%
